Analyst Ratings for Consolidated Edison Inc. (ED)

Updated: 2017-07-28

Analysts covering Consolidated Edison Inc. (NYSE:ED) have given it a consensus rating of Underweight. ED had previously received a consensus rating of Underweight a month ago.

A buy rating was issued by 0 analysts, 0 issued an overweight rating, 10 gave a hold rating, 1 issued an underweight rating, and 6 gave a sell rating. Compared to three months ago, there has been an decrease of 1 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 2.

A number of analysts gave price targets for ED. The most optimistic analyst gave a price target of 83.5, implying a possible profit of 1.36 percent. The most pessimistic analyst gave a price target of 65, implying potential capital losses of -21.1 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 1.69 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -0.81 percent. Meanwhile, fiscal year estimates have been revised downwards by -0.37 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -0.12 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. 2 analysts have revised their quarterly estimates upwards in the past 30 days, while 2 analysts made negative revisions. Also over the last month, 1 analysts increased their estimates for the FY earnings, compared to 2 analysts that revised their FY estimates downwards.

ED has an estimated earnings growth rate of -6.27 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of ED is -3.03.

In the trailing 52-weeks, ED hit 85.13 at the highest peak, while it's lowest trading point was 68.76. Currently the stock is 19.81 percent higher than its low, and 3.23 percent below the high. ED has a price/earnings ratio of 19. Investors typically compare the P/E ratio to a company's peers in the industry. The ED value stock report compares ED to some of its peers using value stock charts. The market cap of ED is $25.13 billion. ED's next earnings release will be on 0000-00-00, which is days away.